kvck
Long

$BTC: There will be sunshine after rain (by Dire Straits)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
As the lyrics of the beautiful song by Dire Straits says:

"Why worry, there should be laughter after pain
There should be sunshine after rain
These things have always been the same
So why worry now"

This downtrend might be the last one for a while. Bloomberg's latest news regarding Tether subpoena, then today South Korea's announcement about not-banning crypto-currencies were like rain and sunshine .

Moreover, if you look at the chart (without any Fibs, EW, etc.), it looks like we have a channel and we are at the bottom.

Let's wait and see how the sun shines :)
Comment: 50MA is around $9,400 on 3 day chart and converging with the price itself. A rebound can be expected.
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